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Prepared Remarks Before the Investor Advisory Committee

· Gary Gensler, Chair of the U.S. Securities and Exchange Commission (United States)

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· Gary Gensler Wiki · U.S. Securities and Exchange Commission WikiPrepared Remarks Before the Investor Advisory Committee

ContextSpeech by Gary Gensler, Chair of the U.S. Securities and Exchange Commission.

Why it mattersGensler proposes extending custody protections to all assets, including crypto.

Problems raised
  1. Advisers manage over $125 trillion in assets.
  2. Custody rules cover only funds and securities.
  3. Some client assets lack protection.
Solutions proposed
  1. Propose a new safeguarding rule.
  2. Extend custody protections to all client assets.
  3. Use the authority Congress gave in 2010.
Read full speech on sec.gov ↗

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